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3 years ago

14

If reserves in the banking system increase by $100, then checkable deposits will increase by $500 in the model of multiple depos

it creation when the required reserve ratio is a _________.a. 0.01b. 0.1c. 0.06d. 0.2

1 answer:

const2013 [10]3 years ago

6 0

Answer:

d. 0.2

Explanation:

D = 500

R = 100

D*rr = R

500*rr = 100

rr = 100/500

= 0.2

Therefore, The required reserve ratio is a 0.2

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Answer:

When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment.

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Answer:

8.89%

Explanation:

The answer is 8.89%

Here is how we arrived at this.

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Then we calculate for the nominal rate of return.

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3 years ago

Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for Oc

Viktor [21]

Answer:

Labor Efficiency Variance=268 Unfavorable

Labor Rate Variance= $ 150 Favorable

Total Direct Labor Cost Variance= $ 118

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Explanation:

Glacier Bicycle Company

Quantity of direct labor used 500 hrs.

Actual rate for direct labor $13.10 per hr.

Standard direct labor per bicycle 2 hrs.

Standard rate for direct labor $13.40 per hr

The labor efficiency variance= (Standard Hours allowed * standard labor Rate )- ( Actual Hours * standard labor Rate )

Labor Efficiency Variance= (SH* SR)- (AH*SR)

Labor Efficiency Variance= ( 2* 240 *13.4) - (500* 13.4)

Labor Efficiency Variance= ( 480*13.4) - (500* 13.4)

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Labor Rate Variance= ( 500 *13.1) - (500*13.4)= 6550-6700= $ 150 Favorable

Total Direct Labor Cost Variance= Labor Efficiency Variance + Labor Rate Variance

Total Direct Labor Cost Variance= 268 Unfavorable +$ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Labor Efficiency Variance 268 Unfavorable debit

Labor Rate Variance$ 150 Favorable credit

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3 years ago

Fulkron, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections 67,000 $33,000 $42

fgiga [73]

Answer:

-$20,000 short fall

Explanation:

July:

Total cash available:

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= $12,000 + $67,000

= $79,000

End cash:

= Total cash available - Cash payments

= $79,000 - (33,000 + 12,000)

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August:

Total cash available:

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End cash:

= Total cash available - Cash payments

= $67,000 - (34,000 + 20,000 + 33,000)

= $67,000 - $87,000

= -$20,000 (Short fall)

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3 years ago